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Showing 1 - 10 of 83 results for "MLC Wealth"

Colonial First State CFO in new role

CHLOE WALKER  |  MONDAY, 28 MAR 2022
... family, the bank said. Morgan has previously held roles as chief financial officer and acting managing director of MLC Wealth, joining after five years as chief financial officer of Commonwealth Bank's wealth management business. He is also a former ...

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... That said, there is one non-super story that made the cut; IOOF's unexpected rebrand following its acquisition of MLC Wealth managed to sneak into the top 10. With more and more disruption, innovation and change anticipated in 2022, this list serves ...

IOOF moves forward with rebrand

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
... people from across three heritage businesses with a common purpose and ambition." IOOF completed its acquisition of MLC Wealth in May this year, effectively doubling its funds under management to about $494 billion. The MLC brands it acquired will retain ...

CBA receives regulatory approval for CFS sale

CHLOE WALKER  |  TUESDAY, 23 NOV 2021
... firm.The transaction was originally expected to complete in the first half of this year. Earlier this year, former MLC Wealth and current Generation Development Group chair Rob Coombe was named as chair-elect ahead of the acquisition and has since been ...

CFS appoints risk chief from MLC

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
Colonial First State has appointed a new chief risk officer, with MLC Wealth's former chief operating officer stepping into the role. Anthony Lane starts as group chief risk officer at CFS today. He was chief operating officer and chief risk officer ...

NAB to buy Citigroup's Australian consumer banking business

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... billion. The transaction includes Citi's private wealth management business. "NAB has recently completed the sale of its MLC Wealth Business to IOOF with its retained wealth businesses focused on servicing high net worth and self-directed segments, through ...

CFS unveils new leadership team

KARREN VERGARA  |  MONDAY, 5 JUL 2021
... Australia." CBA entered an agreement to sell 55% of CFS to private equity firm KKR in May 2020. Coombe, who is the former MLC Wealth and current Generation Development Group chair was named chair-elect in March and will take the post once the deal finalises. ...

More advisers exit in June

KARREN VERGARA  |  MONDAY, 5 JUL 2021
... (137) and Bridges Financial Services (193). This makes IOOF the largest licensee after it finalised its acquisition of MLC Wealth in early June 2021. Interprac Financial Planning netted a loss of 22 advisers between June and July with 279 at the end ...

IOOF hires from AustralianSuper

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
... funds under administration (FUA) being migrated onto Evolve. The company also recently completed its acquisition of MLC Wealth from National Australia Bank, adding 406 financial advisers to IOOF and making key appointments. The merger has also doubled ...

AWS swaps to boutique licensee

ANNABELLE DICKSON  |  TUESDAY, 22 JUN 2021
... IOOF financial advice firms joined Count Financial ahead of the MLC acquisition. IOOF completed the acquisition of MLC Wealth earlier this month, comprising its financial advice, platforms, and asset management business for $1.44 billion. Following the ...
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